iShares Semiconductor ETF $SOXX Holdings Trimmed by Legend Financial Advisors Inc.

Legend Financial Advisors Inc. lowered its holdings in iShares Semiconductor ETF (NASDAQ:SOXX) by 7.2% in the third quarter, Holdings Channel.com reports. The firm owned 52,017 shares of the exchange traded fund’s stock after selling 4,008 shares during the period. iShares Semiconductor ETF comprises approximately 8.6% of Legend Financial Advisors Inc.’s investment portfolio, making the stock its 3rd largest position. Legend Financial Advisors Inc.’s holdings in iShares Semiconductor ETF were worth $14,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SOXX. Modera Wealth Management LLC lifted its stake in iShares Semiconductor ETF by 4.2% in the 3rd quarter. Modera Wealth Management LLC now owns 1,003 shares of the exchange traded fund’s stock worth $272,000 after acquiring an additional 40 shares in the last quarter. American Institute for Advanced Investment Management LLP grew its stake in iShares Semiconductor ETF by 3.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 1,183 shares of the exchange traded fund’s stock valued at $321,000 after acquiring an additional 40 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of iShares Semiconductor ETF by 2.4% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,801 shares of the exchange traded fund’s stock valued at $430,000 after purchasing an additional 42 shares during the period. Condor Capital Management lifted its position in shares of iShares Semiconductor ETF by 0.4% in the second quarter. Condor Capital Management now owns 9,876 shares of the exchange traded fund’s stock worth $2,357,000 after purchasing an additional 43 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of iShares Semiconductor ETF by 39.6% in the third quarter. Blue Trust Inc. now owns 155 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 44 shares in the last quarter.

iShares Semiconductor ETF Stock Performance

Shares of SOXX opened at $352.69 on Tuesday. The company’s 50 day moving average price is $317.95 and its 200 day moving average price is $285.19. iShares Semiconductor ETF has a 52 week low of $148.31 and a 52 week high of $363.80. The company has a market capitalization of $21.27 billion, a PE ratio of 31.84 and a beta of 1.51.

iShares Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.4363 per share. This represents a $1.75 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, December 16th.

About iShares Semiconductor ETF

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.